More Lawsuits

Not BOFI, but Solarwinds. SWI is a network monitoring company that I use at work and really love (the product) so I have been investing in it for a while. Recently they announced they were thinking about strategic alternatives, and then later they announced a PE firm is taking them private at $60/share. So the stock goes from $41 to $48 on the first news and then to $58 on the official announcement. I look at the yahoo feed today and there are a stack of different lawsuit announcements in the feed. So it does not matter what the news is, you are getting sued. Nice world.

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